Saturday , September 19 2020

Why?

Summary:
An odd insistence here:England needs more houses, more social infrastructure and more genuinely affordable places to live – especially council housing.We grasp the idea that England needs more houses. For it most certainly does and that’s what the recent reforms to planning permission are all about achieving. We agree that more affordable places to live would also be a good idea. Which building more houses achieves because if we increase the supply of something we decrease the market clearing price as everyone who has attended even the first lecture of that economics course understands.So we rather go with the idea that the first thing, more houses, achieves the second, the more affordable bit.It’s the next leap that makes us ask why? What do council houses have to do with this? Why is it

Topics:
Tim Worstall considers the following as important:

This could be interesting, too:

Tyler Durden writes The New Normal In ‘Virtual Classrooms’: Porn, Guns, & Racism?

Tyler Durden writes A DARPA-Funded Implantable Biochip To Detect COVID-19 Could Hit Markets By 2021

Tyler Durden writes Trump ‘Approved’ Assange Pardon In Exchange For Source Of DNC Leaks: Court Testimony

Tyler Durden writes Are The COVID-Lockdowns An Election 2020 Ransom Note?

An odd insistence here:

England needs more houses, more social infrastructure and more genuinely affordable places to live – especially council housing.

We grasp the idea that England needs more houses. For it most certainly does and that’s what the recent reforms to planning permission are all about achieving. We agree that more affordable places to live would also be a good idea. Which building more houses achieves because if we increase the supply of something we decrease the market clearing price as everyone who has attended even the first lecture of that economics course understands.

So we rather go with the idea that the first thing, more houses, achieves the second, the more affordable bit.

It’s the next leap that makes us ask why? What do council houses have to do with this? Why is it that more 3 bed mansion flats to be occupied by the likes of Frank Dobson - who used to be the leader of the council that owned his flat - is a good idea? Why is it that councils, not social landlords, should run subsidised rental housing?

And, if all housing is to become more affordable due to the greater supply, does anyone think we need more subsidised housing anyway?

Media enquiries: 07584 778207 (Call only, 24 hour)

Tim Worstall
Tim Worstall is a British-born writer and Senior Fellow of the Adam Smith Institute. Worstall is a regular contributor to Forbes and the Register. He has also written for the Guardian, the New York Times, PandoDaily, the Daily Telegraph blogs, the Times, and The Wall Street Journal. In 2010 his blog was listed as one of the top 100 UK political blogs by Total Politics.

Leave a Reply

Your email address will not be published. Required fields are marked *